Muscat Thread Mills SAOG Balance Sheet Health
Financial Health criteria checks 5/6
Muscat Thread Mills SAOG has a total shareholder equity of OMR2.0M and total debt of OMR401.9K, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are OMR3.2M and OMR1.2M respectively. Muscat Thread Mills SAOG's EBIT is OMR338.8K making its interest coverage ratio 15.1. It has cash and short-term investments of OMR211.1K.
Key information
20.6%
Debt to equity ratio
ر.ع401.90k
Debt
Interest coverage ratio | 15.1x |
Cash | ر.ع211.05k |
Equity | ر.ع1.95m |
Total liabilities | ر.ع1.21m |
Total assets | ر.ع3.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTMI's short term assets (OMR2.3M) exceed its short term liabilities (OMR879.2K).
Long Term Liabilities: MTMI's short term assets (OMR2.3M) exceed its long term liabilities (OMR330.5K).
Debt to Equity History and Analysis
Debt Level: MTMI's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: MTMI's debt to equity ratio has increased from 20.1% to 20.6% over the past 5 years.
Debt Coverage: MTMI's debt is well covered by operating cash flow (80.3%).
Interest Coverage: MTMI's interest payments on its debt are well covered by EBIT (15.1x coverage).